BROKER BOND PROVISIONS IN MAP-21
Freight Broker Regulations Clarified
The MMTA has been receiving a number of member inquiries regarding MAP-21 provisions related to freight brokers. These provisions were intended to better regulate freight brokers, freight forwarders, and the companies providing the financial security for authorized brokers (and now freight forwarders). Many of these questions have arisen after companies and consultants contacted trucking companies offering to sell them services to help truckers comply with the new law. Consequently, this has generated some confusion about what actually is contained in the new law.
To help address these questions, the ATA's Law Department has provided a one-page summary of the current provisions that can be found by clicking HERE.
Please note this one-page overview merely outlines what is in the current law. It does not reflect an endorsement one way or another on ATA's part regarding the law and provisions within it. Currently a number of State Trucking Associations, including MMTA, are pursuing an initiative to exempt certain carriers, based on their operations, from being covered under this law.